A Privacy-Preserving Internet of Things Smart Healthcare Financial System

Several emerging areas, such as sensor networks, the Internet of Things (IoT), and distributed networks are gaining traction where resource-constrained devices communicate by sharing privacy-preserving information. Due to heavy cryptographic components, standard cryptographic algorithms do not fit these IoT devices. In this article, we propose an efficient zero-knowledge blockchain-based privacy-preserving decentralized healthcare finance system that is suitable for lightweight computer devices. The proposed design mainly focuses on noninteractive zero-knowledge proof, which substantially reduces the cost of communication between two devices. We explain the system framework and its use case for a healthcare financial system at a micro-level. However, it can also be extended easily to more general financial systems. Our system framework is efficient and lightweight, using more efficient zero-knowledge-based proofs; validation of the transactions is done in milliseconds. As an advancement to our work, the proposed healthcare financial system for lightweight computer devices is also auditable without leaking any extra information than required.

Automated summary

The article presents an efficient zero-knowledge blockchain-based system for lightweight computer devices that protects privacy and enables decentralized healthcare finance. By using noninteractive zero-knowledge proofs, the system reduces communication costs and achieves millisecond-level transaction validation.